• Sberbank receives 6% of LafargeHolcim from Eurocement in repurchase deal

    Russia: Sberbank CIB, the investment banking arm of Russian lender Sberbank, has announced that it holds 6% of LafargeHolcim following a repurchase deal with Eurocement. Under the terms of the agreement, Sberbank CIB had organised financing for Eurocement Holding AG in return for

  • INDIA - India Cement Consumption to Improve by 2018

    India's cement consumption could go up by 9 per cent only in full-year 2018, said analysts from JP Morgan, who expect demand in 2016 to be gradual. A sharp contrast to 2015, where the India cement sector outperformed the broader markets; large caps and mid-caps delivered positive

  • Sudan government plans to raise cement production capacity to 5Mt/yr

    Sudan: The Minister of Investment Mudathir Abdul-Ghani has revealed state plans to increase cement production capacity from 3Mt/yr to 5Mt/yr. The aim is to achieve self-sufficiency and to build an export surplus according to local media. The announcement was given at a meeting wi

  • BIMCO’s global economic report

    According to BIMCO’s 2016 report, 2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome, and the industry saw a significantly lower level of growth for global GD

  • Hong Kong’s construction outlook is bright

    Hong Kong’s construction industry has been expanding at a rapid pace and is set to further maintain a healthy growth in the next five years, according to a new report by Timetric’s Construction Intelligence Center (CIC). Hong Kong’s construction industry’s output value record

  • Sagar Cements in talks to buy Andhra Cements

    Sagar Cements - based in Hyderabad - is in advanced talks to purchase Jaypee Group’s Andhra Cements at an enterprise valuation of Rs 1100-1150 crore. Andhra Cements has two plants in Andhra Pradesh with a combined capacity of 2.6 million t. Andhra Cements posted a net loss of Rs

  • KKR, UltraTech submit bids for Jaypee Group’s cement assets

    KKR and Co. and billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd have submitted initial bids for all the cement assets of Jaiprakash Associates Ltd, people with knowledge of the matter said. JSW Cement Ltd, a unit of industrial conglomerate JSW Group, also submitted an of

  • Nepal:There won't be shortage of cement for reconstruction

    Country's cement industry, one of the industries with high export potential, is looking for better future despite facing various problems. The government has kick-started the reconstruction drive and it is expected that demadn for cement will surge once reconstruction of houses a